Which of the Following Items Would Not Appear in a Statement

question 14

Multiple Choice

Which of the following items would not appear in a statement of revenues, expenditures, and changes in fund balances prepared for a governmental fund?

• A) Depreciation expense.
• B) Interfund transfers in.
• C) Revenues from property taxes.
• D) Expenditures for employee salaries.

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Definitions:

Action Plan

A detailed outline of the tasks, resources, and timelines necessary to achieve specific goals or objectives.

Marketplace

A platform or an environment where buyers and sellers interact to trade goods, services, or information, either physically or online.

High Cost Reductions

Strategic initiatives or measures taken to significantly lower expenses in order to improve profitability or financial performance.

Low Local Responsiveness

Refers to a company's minimal level of adaptation of its products and services to various local markets due to cost, efficiency, or uniform branding strategies.